RE Royalties Ltd. (V:RE)
Business Focus: Corporate Financial Services (NEC)
| Sector: Financials | Industry: Corporate Financial Services |
| Company Contact | |
| Address: | 15th Floor 1040 West Georgia Street VANCOUVER BC V6E 4H1 |
| Tel: | N/A |
| Website: | https://www.reroyalties.com |
| IR: | See website |
| Key People | ||
| Bernard Tan Chief Executive Officer, Founder, Director | Luqman Khan Chief Financial Officer | Peter Leighton Chief Operating Officer |
| Business Overview |
| RE Royalties Ltd. is a Canada-based company engaged in renewable energy royalty-based financing. The Company is primarily engaged in the acquisition of revenue-based royalties from renewable energy generation facilities and other clean energy technologies by providing a non-dilutive royalty financing solution to privately held and publicly traded renewable energy generation and development companies and clean energy technology companies. It offers capital in the form of a cash payment or loan, in exchange for a percentage of future revenues from operating projects. Its royalty financing solutions are designed to provide renewable energy operators and developers with the financial flexibility to grow without resorting to dilution, asset sales or restrictive debt covenants. The Company owns over 100 royalties on solar, wind, battery storage, energy efficiency and renewable natural gas projects in Canada, United States, Mexico, and Chile. |
| Financial Overview |
| For the nine months ended 30 September 2023, RE Royalties Ltd revenues increased from C$2.6M to C$7.2M. Net loss totaled C$2M vs. income of C$146K. Revenues reflect Northern America segment increase from C$2.6M to C$7.1M. Net loss reflects Foreign exchange (gain) loss decrease of 95% to C$38K (income), Share of income of OCEP Invest LLC decrease from C$508K (income) to C$0K. Dividend per share remained flat at C$0.03. |
| Employees: | 8 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $34.75M as of Dec 31, 2023 |
| Annual revenue (TTM): | $8.77M as of Dec 31, 2023 |
| EBITDA (TTM): | $5.37M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2.86M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$0.88M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $21.04M as of Dec 31, 2023 |
| Shares outstanding: | 43,261,981 as of Dec 12, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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